Big Lots' Sales Rise 6 Percent in Third Quarter

Posted on November 3, 2011 by HFN Staff

COLUMBUS, Ohio-Improving trends in most of its merchandise categories propelled third-quarter sales for Big Lots up 6 percent, to $1.1 billion.

The third-quarter results, which the retailer issued in a preliminary report, included a same-store sales rise of 1.7 percent. Along with the upward product trends, Steve Fishman, Big Lots' chairman, president and CEO, said the retailer also enjoyed "positive early results to certain of our holiday strategies, and favorable results from our promotional friends-and-family event during the quarter." Specific categories that helped raise sales included home and furniture, he said.

"Our stores are set for the holiday season," Fishman said, "and I am confident we are prepared to be aggressive and drive sales during the all important fourth quarter."